MetLife 2010 Annual Report Download - page 227

Commissioner has broad discretion in determining whether the financial condition of a stock property and casualty insurance company would
support the payment of such dividends to its shareholders.
Other Comprehensive Income (Loss)
The following table sets forth the reclassification adjustments required for the years ended December 31, 2010, 2009 and 2008 in other
comprehensive income (loss) that are included as part of net income for the current year that have been reported as a part of other
comprehensive income (loss) in the current or prior year:
2010 2009 2008
Years Ended December 31,
(In millions)
Holdinggains(losses)oninvestmentsarisingduringtheyear..................... $10,092 $18,548 $(26,650)
Incometaxeffectofholdinggains(losses) ................................ (3,516) (6,243) 8,989
Reclassification adjustments:
Recognizedholding(gains)lossesincludedincurrentyearincome................ (143) 1,954 2,040
Amortization of premiums and accretion of discounts associated with investments . . . . . . (590) (490) (926)
Incometaxeffect ................................................ 255 (493) (377)
Allocation of holding (gains) losses on investments relating to other policyholder amounts . . . (2,813) (2,979) 4,809
Income tax effect of allocation of holding (gains) losses to other policyholder amounts . . . . . 980 1,002 (1,621)
Unrealizedinvestmentlossofsubsidiaryatdateofsale ........................ — — 131
Deferredincometaxonunrealizedinvestmentlossofsubsidiaryatdateofsale ......... — — (60)
Netunrealizedinvestmentgains(losses),netofincometax...................... 4,265 11,299 (13,665)
Foreign currency translation adjustments, net of income tax . . .................... (350) 63 (700)
Defined benefit plans adjustment, net of income tax . .......................... 96 (102) (1,199)
Othercomprehensiveincome(loss)..................................... 4,011 11,260 (15,564)
Other comprehensive income (loss) attributable to noncontrolling interests . . . ......... (5) 11 (10)
Other comprehensive income (loss) attributable to noncontrolling interests of subsidiary at
dateofdisposal................................................ — — 150
Foreign currency translation adjustments attributable to noncontrolling interests of subsidiary
atdateofdisposal .............................................. — — 107
Defined benefit plans adjustment attributable to noncontrolling interests of subsidiary at date
ofdisposal................................................... — — (4)
Other comprehensive income (loss) attributable to MetLife, Inc., excluding cumulative effect
ofchangeinaccountingprinciple..................................... 4,006 11,271 (15,321)
Cumulative effect of change in accounting principle, net of income tax of $27 million,
$40millionand$0(seeNote1)...................................... 52 (76) —
Othercomprehensiveincome(loss)attributabletoMetLife,Inc. ................... $ 4,058 $11,195 $(15,321)
19. Other Expenses
Information on other expenses was as follows:
2010 2009 2008
Years Ended December 31,
(In millions)
Compensation ............................................... $ 3,584 $ 3,402 $ 3,299
Pension,postretirement&postemploymentbenefitcosts.................... 380 452 120
Commissions................................................ 3,646 3,433 3,384
Volume-relatedcosts........................................... 379 407 354
Interestcreditedtobankdeposits................................... 137 163 166
CapitalizationofDAC........................................... (3,343) (3,019) (3,092)
AmortizationofDACandVOBA .................................... 2,801 1,307 3,489
Interestexpenseondebtanddebtissuecosts .......................... 1,550 1,044 1,051
Premiumtaxes,licenses&fees .................................... 514 527 471
Professionalservices........................................... 1,104 902 949
Rent,netofsubleaseincome...................................... 307 385 373
Other ..................................................... 1,744 1,553 1,383
Totalotherexpenses ........................................... $12,803 $10,556 $11,947
F-138 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)